Higher Education Loan Authority of the State of Missouri information
U.S. student loan servicer
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Higher Education Loan Authority of the State of Missouri
Company type
Quasi-governmental
Industry
Student loans
Founded
June 15, 1981 (1981-06-15)
Headquarters
Chesterfield, Missouri, U.S.
Owner
State government of Missouri
Number of employees
625 (2013)
Website
www.mohela.com
The Higher Education Loan Authority of the State of Missouri, also known as the Missouri Higher Education Loan Authority or MOHELA is one of the largest holders and servicers of student loans in the United States. Its headquarters are in St. Louis, Missouri.
Created in 1981 as a quasi-governmental entity, MOHELA participated in the Federal Family Education Loan Program (FFELP) for nearly three decades, where it oversaw loans guaranteed by the federal government. Following the abolition of the FFELP program in 2010, MOHELA began to expand its business, overseeing around 6.7 million student loan borrower accounts as of 2022.[1]
^Stratford, Michael (December 17, 2022). "The student loan company being used to attack Biden's debt relief plan". POLITICO. Retrieved January 9, 2024.
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